I like to trade front month options, earnings, unusual option activity, and mostly track insider activity.
I never get married to a position instead I prefer multiple positions at a time risking less capital on each trade.
I trade small especially earnings events because at the end of the day earnings are a binary event. A company could have fantastic numbers but the CEO days one negative comments on the conference call and the stock can drop 10%
I could care less about accuracy. If 1 out of 3 trades works out and the other 2 go to zero that’s fine by me. Why? Because I am looking to double if not more on each option trade. Instead of buying an option for $1.00 and selling at $1.10 $1.20 $1.30 I will sell at $1.50 $ 2.00 $3.00 and keep a runner.
This style is not for everyone as I prefer OTM options but the return on capital can be exponential especially for someone looks to quickly grow an account.
Couple rules: Never add to a loser, take profits to your risk tolerance, trade small, if you’re “hoping” a position goes your way– close out, most of all